July 2020 Market and Fund Update.

The Fund reopened for dealing on 21st July following the Standing Independent Valuer, CBRE, removing the Material Valuation Uncertainty clause from its property valuations.

The residential market has continued to go from strength to strength as momentum builds following the relaxation of the UK ‘lockdown’, and buyers enjoy a reduction in Stamp Duty.

Rents continue to demonstrate their resilience, further differentiating the residential sector from commercial property, and the fund has had another strong month for rent collection on its portfolio.

In this update, Stuart Springham reviews the latest UK housing market data and Key Performance Indicators for the TM home investor fund.

The document can be downloaded by clicking on the image below.

July 2020 update

A detailed list of the Fund’s property portfolio and cash holdings is available in the Portfolio Summary document.

Please see this post for more information on the lifting of the dealing suspension on the TM home investor fund.

Important Information

This document is not a prospectus, invitation to invest or advice. Investors may get back less than the amount invested. Information on past performance is not necessarily a guide to future performance. The value of investments in the fund can go down, and there can be no assurance that any appreciation in the value of investments will occur.

Residential property values are affected by factors such as interest rates, economic growth, fluctuations in property yields and tenant default. Property investments are relatively illiquid compared to bonds and equities, and can take a significant amount of time to trade.

Hearthstone Investments Ltd is the parent company of the Hearthstone Investments Group. Regulated business is carried out by Hearthstone Asset Management Limited. Hearthstone Asset Management Limited is an appointed representative of Thesis Asset Management Limited which is authorised and regulated by the Financial Conduct Authority (114354). Hearthstone Investments Ltd (06379066) and Hearthstone Asset Management Limited (07458920) are both registered in England and Wales. The registered office for both companies is c/o Waterstone Company Secretaries Ltd Third Floor, 5 St. Bride Street, London, United Kingdom, EC4A 4AS.

Thesis Unit Trust Management Limited is the Authorised Corporate Director of the TM home investor fund. Authorised and regulated by the Financial Conduct Authority (186882).